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Mahindra Insurance Brokers launches paybima.com
Jaideep Devare, managing director, Mahindra Insurance Brokers said, “The financial services industry is witnessing the rise of a new tech-savvy millennial customer segment, augmented by increasing internet penetration and smartphone usage. PayBima, with its advanced analytics and personalised customer journeys, reinvent our offerings and leverage technology to cater to the evolving needs of our customers.”
GIC Re incurs losses of Rs 557 cr in Q1 FY2020-21, sees higher underwriting losses and lower investment income
Global scenario for insurance industry for the FY 2020-21 has shown weak trends due to COVID-19 situation. GIC Re although has maintained its prominent position in Indian insurance sector, there has been reduction in business for the Q1 2020-21 partially due to strategic reduction of risk acceptance and partially due to reduction of overall direct premium in India, said the corporation..
GIC Re however expects to see rebound in business during the rest of the year. GIC Re’s gross premium for foreign business has shown a growth for the 1st Quarter 2020-21, added the corporation…
India records highest Coronavirus deaths in more than a month
India’s hiring outlook bleakest in 15 yrs; only 3% firms planning to hire
The strongest hiring pace is recorded in the small-sized organisations followed by the medium-sized and large-sized firms. From a region perspective, north and east regions indicate a more positive outlook compared to the west and south, the survey said.
“Post the ‘right sizing’ exercise aligning themselves to the current market demands, organisations are now looking at improving productivity, new forms of employee engagement, getting furloughed employees back and implementation of technology,” said Sandeep Gulati, Group Managing Director of ManpowerGroup India.
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